The Relation of Ethics and Economics

Abstract

Note. These two presuppositions carry the discussion beyond the level of pure science, but do not introduce ethics. The fact that choice is real is different from the question whether one choice is “better” than another. This is the essence of individualism, that values are real, but that one is exactly as good as another, except as it is quantitatively bigger to a person whose values both of them are which are being compared.

Citation

Emmett, R.B. (2011), "The Relation of Ethics and Economics", Emmett, R.B. (Ed.) Frank H. Knight in Iowa City, 1919–1928 (Research in the History of Economic Thought and Methodology, Vol. 29 Part 2), Emerald Group Publishing Limited, Leeds, pp. 231-239. https://doi.org/10.1108/S0743-4154(2011)000029B021